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Wednesday, 10 May 2017

Markets end at all time highs; Nifty hits 9,400 for the first time ever

stock market high today
Investors rejoiced as benchmark indices settled the day at their respective closing highs with Nifty rising above 9,400 for the first time ever as IMD’s new prediction on monsoon  raised prospects of higher agricultural and economic growth. 

The BSE Sensex closed up 314.92 pts at 30,248.17, the NSE Nifty ended higher by 90.45 pts at 9, 407.30. There were 1,619 shares advancing, against a decline of 1,226 shares, and a total of 180 shares were unchanged. 

Telecom major Bharti Airtel gained 10%, was followed by Hindustan Unilever, which made a stellar move, while the FMCG touched its all-time high mark. 

Pharma, FMCG and auto indices gained over 1% on the Nifty, while the IT index was down by half a percent. HDFC, Bharti Airtel, Hindustan Unilever and Mahindra and Mahindra were the top gainers, while TCS, Wipro, ICICI Bank and Asian Paints lost the most.

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